Page 464 - Ray Dalio - Principles
P. 464
APPENDIX
TOOLS AND PROTOCOLS FOR
BRIDGEWATER’S IDEA
MERITOCRACY
What follows is a quick overview of many of the tools and
processes currently in use at Bridgewater. It’s my intention to
soon share many of these with the wider world in a Principles
app so you can try them out for yourself.
COACH
Because there are too many principles for anyone to keep top
of mind enough to apply appropriately to whatever situation
they face, and because it’s easier to ask for advice than to seek
it out in a book, I created Coach. Coach’s platform is
populated with a library of common situations, or “ones of
those” (e.g., disagreeing with an assessment someone made,
someone lied or did something unethical, etc.), which are
linked to the relevant principles to help people handle them.
As people use Coach, they give feedback on the quality of
advice it provides, essentially coaching the Coach so that it
can deliver better and better advice. Over time, Coach has
become increasingly effective in much the same way Siri has.
DOT COLLECTOR
The Dot Collector is an app used in meetings that allows
people to express their thoughts and see others’ thoughts in
real time, and then helps them collectively reach an idea-
meritocratic decision. It surfaces people’s thinking, analyzes it,
and uses the information to help people make real-time
decisions better in a few ways. Specifically: